In Vietnam, most people know about crypto, they have limited understanding about other applications of blockchain ie non-fungible token.
The solution is to use NFT on Cardano Blockchain to manage the reforestation work in Vietnam.
This is the total amount allocated to Cardano Forest - blocktree.asia
The first phase of our project has funded on Fund 8: https://cardano.ideascale.com/c/idea/396832
We are seeking the fund for the second phase.
We established a team to work with tree planting organizations in Vietnam to introduce the blockchain technologies to solve their problem in providing transparency, auditability and measurelity to their donors.
We have worked with Gaia Nature Conservation to support us on planting the trees. Gaia is a national not-for-profit organization of Vietnam. Gaia empowers people and applies its experience to stop biodiversity degradation with the aim of creating a future where humans live in harmony with our rich and beautiful nature.
For more detail about Gaia, please visit: http://www.gaiavn.org; please select the English version to view content in English). More planting organizations will be onboarded in the future.
A number of trees planted in a particular area will be tokenized as an non-fungible token (NFT) which includes: planting time, the picture, the tree’s coordinate (latitude-longitude)… The NFT will be minted using cardano blockchain and provided to donors then they can easily check the result, we call each NFT as a Green Certificate. We are researching for the Dynamic Non-Fungible Token (dNFT) then the meta data of token can be updated to reflect the tree growing and its impact during its life time.
Our products consist:
Our detail product roadmap is as attached link: https://bit.ly/blocktree_products
We will also build the community, work with corporates, government bodies to continue to raise the fund to plant and tokenize the trees.
Our target is to use our solution to plant 200,000 trees until 2025.
We noted that the reforestation is one of the best way to combat against climate changes, which is the current issue for the whole world, especially in developing countries in Asia. The resolution of the Vietnam government also aims to plant 1 billion trees for the period from 2021-2025. https://en.baochinhphu.vn/vn-to-plant-one-billion-trees-in-2021-2025-period-11140813.htm. We also plan to expand our actitivies for other countries in Asia: China, Korea, Japan, Indonesia, Thailand, Malaysia.
Our solutions: including planter application, sponsor portal, mini ERP using dNFT technology to provide transparency, auditability, measurelity, permanence in reforestation work in Vietnam and Asia countries.
The successfull of proposal is not only help to strengthen knowledge about the blockchain technology application to the real life to solve the current issue of business and socialty but will also improve the people live, create great social and environmental impact as well as promote the subtstainable development beyond the scope of this challenge as well as Catalyst.
We are starting the project after Funded in Fund 8, we are currently on track of developing the solution and a lot of people are interesting in this as the sponsor, since the NFT and blockchain address their current concern about the integrity of data.
However, to persuade the planting organisation to change their current manual process to apply the technology into their work takes time and effort, especillay for the planter field force, they are low skill labors then need to educate them to understanding and follow our solutions.
We understand the dificult of digital transformation journey, we are designing the products that based on the insight information from interviewing the planting organisation as well as field-force planters. Our advisor, Ms Huyen Do also starting as an educator, she understand the power of education, after finish our MVP, we will focus on educate planters to use our solutions. That's why we will continue to raise more funding from Catalyst in next fund (fund 10,11) as mentiond in the FEASIBILITY part below. We also add a Partnership Manager, Ms Tu Nguyen, who has strong passion with education.
We will also bare the risk that the ADA price will go down on the day we receipt the fund, althought we try to cash out into stable coin immediately but it's dificult to predict the time that the fund were transferred (normaly at night), we have experienced the down of 5% in ADA price in the past.
So we would like to add 5% on top of the proposed budget for the reserve fund to avoid the price fluctuation risk.
We will end the phase 1 of the project (which were funded at Fund 8) in the end of August - 2022. A A minimum viable product (MVP) will be done and used to tokenize 500 trees.
Phase 2 of the project will be scheduled as the below:
Fund 9: (from the funded date)
1 month from fund 9 funded date:
Work with companies/ communities in Vietnam to raise funds for planting at least 2,500 trees;
3 month from fund 9 funded date:
Upgrading set of tools for tracking the reforestation work, reporting the impact (field-force planter's mobile applications and web portal for sponsor);
Work with Planting organization to plant trees and tokenized;
Reporting and Marketing the result to create greater impact.
Our detail product roadmap up to 30 June 2023 is as attached link: https://bit.ly/blocktree_products
Project team, technical solutions, communication: $ 36,000. Please see the detail at: https://bit.ly/ADAforest_budget (Phase 2 worksheet)
Risk management (see above): USD 1,800
Total fund need for this phase: USD 37,800
1 .Project Manager: Mr. Quoc Nguyen: Managing the whole project progress and KPI, reporting, connecting with partners/ donors.
2. Product Manager: Mr Ky Tong: Product management
- 8+ years experience in managing digital & educational products, which serves millions of users in Vietnam.
- Product Manager of Rootopia.vn - A p2p lending platform focused on Education.
- Experienced in Marketing & Growth, especially community platform.
- Founder of GSTT Group (https://www.facebook.com/SHARINGTHEVALUE) - An NGO that shares educational materials for students in Vietnam.
- Telegram: https://t.me/kytq2011
- Linkedin: https://www.linkedin.com/in/tongquocky/
3. Full Stack Developer: Mr Phuc Nguyen
5+ years experience as full stack software developer
4. Product designer: Mr Hoang Tran
5. Marketing and Community management: Mr Tung Tran: digital content creator, community management
- MBA degree
- 06 year experiences in Marketing
- 04 years experiences in Digital Marketing (Strongest in WordPress, SEO, Social & Community Marketing)
- 03 years experiences in Blockchain Industry
- Founder www.facebook.com/yeutrongcay (objective is increase cognitive of young people about climate change, plant tree and protect environment)
- Founder www.vneconomics.com (objective is increase cognitive of vietnamese about Blockchain Technology)
- Linked In: https://www.linkedin.com/in/tranthanhtung37/
6. Partnership Manager: Ms Tu Nguyen:
- Working in big corporaions in Vietnam: AON, PACE...
- 6 years in developing Bancas of Bank of Investment and Development Vietnam
- 10+ years in founding and leading education start-ups: Kdi.edu.vn, IAG.edu.vn
- Facebook: https://www.facebook.com/tu.nguyenthihuong
7. Project Advisor: Ms. Huyen Do – Tree Planting Technical advisor, Partnership/ Communication advisor
- Founder, CEO of Gaia Nature Conservation - a national not-for-profit organization of Vietnam focus on
- Master of Faculty of the Environment – Hanoi National University,
- Over 20 years worked on nature conservation.
- Wide range of in-depth skills in managing an NGO as well as applying advanced initiative in nature conservation, especially nature education and communication.
- Nearly 20 publications on nature conservation, wildlife protection, marine conservation and plastic waste education in Vietnam.
- Linked in: https://vn.linkedin.com/in/chicadohuyen
8. Project Advisor: Mr. Do Manh Hung – Blockchain Technical advisor, Partnership/ Communication advisor
- Over 15 years of experience in financial management for large corporations
- 20 years of experience in investing in financial markets: Stocks, Forex, Crypto…
- 10 years of training, sharing knowledge, experience in financial management and 4 years in Crypto market for thousands of students in Viet Nam
- Member of Plutus Pioneer Program,Cardano Stake Pool Operator (FIMI), Cardano Knowledge Sharing
- Telegram: https://t.me/hung_domanh
9. Project Advisor: Mr. Nguyen Anh Tien, Technical advisor
- Founder of the VILAI stake pool, community advisor (fund 6,7,8), member of Estern Townhall Vietnam, computer science experts, working in the Cardano/Crypto space since 2018.
- Deploying many payment systems for major banks, financial institutions, and telecommunications in Vietnam
- LinkedIn: https://www.linkedin.com/in/tienna
- Twitter: https://twitter.com/tiennganh
- Email: firstname.lastname@example.org
- Telegram: t.me/tiennguyenanh
- Facebook: https://www.facebook.com/tiennguyena
The Project Manager - Mr Quoc Nguyen is also Project Manager of two other proposals:
Legal & Financial Consulting Hub: https://cardano.ideascale.com/c/idea/420545
Cardano Incredible Race 202: https://cardano.ideascale.com/c/idea/415582
He involved all the projects with the role of overall project management (time allocated are about 4 hours a week for each project). With his long-term of experience in managing so many projects, he can allocate time and focus to successfully manage all the proposals.
Mr Tung Tran - Who in-charge the marketing and communication is working for a Funded Proposal in Fund 8 to help creating the Cardano Annual Report for Vietnam market.
He is full-time in reseaching blockchain now. Tung committed 30 hours each month for each proposals. Therefore, he can allocate time and focus to successfully handle projects.
Our advisors: Mr Hung Do and Mr Tien Nguyen also work on other proposals, the time committed is just 5-10 hours for the whole project on advising the technical of Cardano blockchain.
Our products are continue developing. As mentioned in the risk management part above, in order to pursuade planters to use our solutions, we will need to focus on the education. We also plan no revenue will be earned during this time. We forecast that will need the fund in fund 10 and 11 (to run until June 2023 - 1 year after we starting), then we will commercialise it to have the revenue to continue developing the products.
At the end of phase 2:
1. Products development:
3. Fund raising and tree planting:
This is the phase 2 of the funded proposal in Fund 8: https://cardano.ideascale.com/c/idea/396832
Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
Mobilize significant resources from all sources and at all levels to finance sustainable forest management and provide adequate incentives to developing countries to advance such management, including for conservation and reforestation
Enhance global support for efforts to combat poaching and trafficking of protected species, including by increasing the capacity of local communities to pursue sustainable livelihood opportunities
Key Performance Indicator (KPI):
(a) Official development assistance on conservation and sustainable use of biodiversity; and (b) revenue generated and finance mobilized from biodiversity-relevant economic instruments
The team consists of Plutus Developer, Community Manager, Project Manager, Finance advisors, UI/UX designer, Digital Product Manager, Marketing, CEO of tree planting organisation.